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The IGBT Market is projected to grow by USD 10.8 Billion from 2024-2028, with AI driving market evolution and government support for EVs and HEVs boosting growth – Technavio

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NEW YORK, Sept. 25, 2024 /PRNewswire/ — The Global IGBT Market size is estimated to grow by USD 10.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 15.31%  during the forecast period. Increasing government support for EV or HEVS is driving market growth, with a trend towards functional consolidation of semiconductor devices, However, rising competition from wide bandgap (wbg) semiconductor materials  poses a challenge – Key market players include ABB Ltd., Danfoss AS, Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, IXYS Corp, Jilin Hua Microelectronics Co. Ltd., Littelfuse Inc., MagnaChip Semiconductor Corp., Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., Sanken Electric Co. Ltd., SEMIKRON Elektronik GmbH and Co. KG, STARPOWER SEMICONDUCTOR Ltd., STMicroelectronics International N.V., and Toshiba Corp..

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Igbt Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.31%

Market growth 2024-2028

USD 10796.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.94

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 52%

Key countries

China, Japan, South Korea, US, and India

Key companies profiled

ABB Ltd., Danfoss AS, Fuji Electric Co. Ltd., Hitachi Ltd., Infineon Technologies AG, IXYS Corp, Jilin Hua Microelectronics Co. Ltd., Littelfuse Inc., MagnaChip Semiconductor Corp., Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., ROHM Co. Ltd., Sanken Electric Co. Ltd., SEMIKRON Elektronik GmbH and Co. KG, STARPOWER SEMICONDUCTOR Ltd., STMicroelectronics International N.V., and Toshiba Corp.

Market Driver

The Industrial Internet trend is driving the integration of digital control in power systems, making inverters, drive controls, and electrical equipment compatible. This consolidation of semiconductor devices, including sensors, ICs, microcontrollers, and IGBTs, can lead to performance improvements and semiconductor advances. The analysis of data generated from these devices can reveal key areas for application and semiconductor device enhancements. This will result in more efficient and reliable IGBTs, enhancing circuit performance and ensuring smooth operations. These benefits are anticipated to fuel the growth of the IGBT market during the forecast period. 

IGBT market trends include advancements in power device technologies, particularly inverter applications using power transistors. Heat dissipation and carbon dioxide emissions are key concerns, driving the need for high-efficiency semiconductors. The cost of electricity influences the adoption of IGBTs in various electronic products, from electric vehicles (EVs) and industrial equipment to renewable projects like solar and wind power. IGBTs are essential for DC-AC conversion in EVs and solar inverter applications. Semiconductor manufacturers like Microchip Technology focus on developing high-power semiconductor devices to meet increasing power consumption demands. Industrial systems, motor drives, and power MOSFETs also utilize IGBTs for frequency and voltage control. The electrification of industries and the growing 5G adoption further boost the market. Efficiency, emissions, and fuel efficiency are critical factors, with IGBTs offering high turn-off time and thermal resistivity as a low-cost alternative. 

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Market Challenges

WBG semiconductor materials, such as silicon carbide (SiC) and gallium nitride (GaN), offer significant advantages for power semiconductor devices. These materials enable high voltage, high temperature, and higher switching frequencies with good thermal conductivity. SiC, in particular, has a superior ampere capacity, allowing a single 150mm SiC wafer to handle current equal to two 200mm silicon wafers. The energy efficiency and system cost reductions achievable with these materials surpass those of traditional IGBT devices. SiC-based devices, like SiC MOSFET and SiC diodes, are widely used in high-end power supplies. GaN-based devices, such as GaN FET and GaN devices at 600V, are also available, but their use in appliances is still experimental. Infineon Technologies AG, a market leader, has acquired Cree Inc.’s Wolfspeed and International Rectifier, making it a leading player in SiC-based power semiconductors. Infineon is currently developing next-generation transistors based on SiC and GaN. Transphorm Inc. Is another player focusing on GaN-based devices that can operate at higher voltages. These potential advancements could replace IGBTs during the forecast period. Despite IGBTs being less expensive and easier to manufacture, industries prioritizing precision over cost are moving towards SiC and GaN-based devices.

IGBT market is experiencing significant growth due to increasing demand in various industries. Electric cars and renewable energy sectors are major drivers, with IGBTs used in motor drives and inverters for electric vehicles, and in power conditioners and converter circuits for solar and wind power. Semiconductors, including IGBTs, are essential in the electronics manufacturing industry for 5G adoption and consumer electronics. Industrial systems also rely on IGBTs for efficient power transmission and distribution in electrification and industrialization. However, challenges persist. IGBTs face high power consumption and thermal resistivity issues, especially in industrial equipment and motor drives. Humidity and aging power infrastructure can also impact performance. To address these challenges, companies like Microchip Technology are developing low-cost alternatives and improving efficiency. Fuel prices and emissions concerns are driving the shift towards electric vehicles and green energy, further boosting the IGBT market.

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Segment Overview 

This igbt market report extensively covers market segmentation by  

Product 1.1 IGBT modules1.2 Discrete IGBTsApplication 2.1 EV or HEVs2.2 Industrial2.3 Motor drives2.4 Consumer appliance2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 IGBT modules-  The IGBT market is primarily driven by the demand for high-power devices, making IGBT modules a preferred choice over discrete IGBTs. With each IGBT module containing multiple discrete IGBTs, they offer greater compatibility for high-power applications. The global need for energy efficiency and the increasing adoption of electric vehicles (EVs) and wind energy systems are boosting the demand for IGBT modules. However, the emergence of wide bandgap (WBG) semiconductor devices as alternatives to IGBT modules may impact market growth during the forecast period. Despite this challenge, the IGBT market is projected to experience substantial year-on-year growth due to the expanding requirement for high-power density solutions and government initiatives promoting energy conservation.

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Research Analysis

The IGBT (Insulated Gate Bipolar Transistor) market is witnessing significant growth due to its application in various power device technologies, particularly inverter applications. IGBTs are high-power semiconductor devices that offer superior performance in terms of frequency and voltage handling, making them ideal for power conversion in electronic products. The increasing adoption of renewable energy sources like solar and wind power is driving the demand for IGBTs in solar inverter applications. IGBTs help in converting DC voltage from solar panels into AC voltage for grid connection. The EV market is another major application area for IGBTs, where they are used in electric vehicles (EVs) for motor control and power conversion. The cost of electricity and carbon dioxide emissions are key factors driving the shift towards electrification and the use of IGBTs in power transmission & distribution and smart grids. IGBTs also offer high turn-off time, making them suitable for industrialization applications. Inverter applications, electric cars, and renewable projects are some of the major areas where IGBTs are finding extensive use. The market is expected to grow further as the demand for fuel efficiency and sustainable energy solutions increases.

Market Research Overview

The IGBT (Insulated Gate Bipolar Transistor) market is experiencing significant growth due to the increasing demand for power device technologies in various applications. IGTBs are essential components in inverter applications, particularly in power transistors, which play a crucial role in converting DC voltage to AC voltage for various electronic products. The EV market, including electric vehicles (EVs), is a major driver for IGBTs due to their high power handling capabilities and efficiency. IGBTs are also used in renewable projects, such as solar inverter applications, to convert DC voltage from solar panels to AC voltage for grid connection. The cost of electricity and carbon dioxide emissions are key factors driving the adoption of IGBTs in renewable energy. In the electronics manufacturing industry, IGBTs are used in high-power semiconductor devices, industrial equipment, motor drives, and inverters. The 5G adoption is also expected to boost the demand for IGBTs due to their high-frequency and voltage handling capabilities. IGBTs offer several advantages, including high efficiency, low power consumption, and thermal resistivity. However, challenges such as high turn-off time, humidity, and the need for a low-cost alternative persist. IGBT modules are used as power conditioners and converter circuits in various applications, including electric cars, industrial systems, and green energy projects. The aging power infrastructure, fuel prices, and the need for electrification and electricity transmission & distribution are other factors driving the growth of the IGBT market. The solar energy industry, wind power, and industrialization are also significant end-users of IGBTs.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductIGBT ModulesDiscrete IGBTsApplicationEV Or HEVsIndustrialMotor DrivesConsumer ApplianceOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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DJI Launches Beginner-Friendly Camera Drone Series with Lito X1 and Lito 1

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Creators now have an accessible option for filming high-quality aerial photography while flying safely with omnidirectional obstacle sensing.

SHENZHEN, China, April 26, 2026 /PRNewswire/ — DJI, the global leader in civilian drones and creative camera technology, today launches the Lito series. Designed for aspiring creators exploring aerial photography for the first time, this new lineup of entry-level aerial camera drones makes high-altitude aerial photography accessible and beginner-friendly from day one. With its affordable price point and well-rounded features, the Lito X1 and Lito 1 strike the perfect balance between high performance and value. It’s an ideal camera drone for young newcomers to aerial photography who want to capture campus life, outdoor adventures, and creative moments without compromise.

Leading the range, the premium Lito X1 features a 1/1.3″ CMOS sensor with 48MP effective pixels for lifelike detail capture. It’s equipped with advanced 5-lux omnidirectional obstacle sensing and forward-facing LiDAR for enhanced precision—ensuring safer flight in complex environments. The intelligent filming tools, such as ActiveTrack, QuickShots, MasterShots, Hyperlapse, and Panorama, lower the learning curve and ensure professional results from a creator’s first takeoff. Meanwhile, the Lito 1 offers a 1/2″ CMOS 48MP sensor and comprehensive 5-lux omnidirectional obstacle sensing, bringing safety and tracking capabilities to an even more accessible package.

Smarter Sensing for Safer Flying

The Lito Series features a multi-layered safety system designed with beginners in mind. The built-in omnidirectional vision system actively avoids obstacles like cliffs, and walls, allowing creators to focus on the joy of flying from takeoff to landing. The premium Lito X1 takes this a step further, enhanced with forward-facing LiDAR for highly precise perception in complex environments.

Captures Crisp Imaging, Rich in Detail

The Lito Series makes it possible to capture stunning visuals – from rich daytime details to clean, low-noise nightscapes. Lito 1 is equipped with a 1/2-inch CMOS sensor and an f/1.8 aperture to capture up to 8K-resolution photos and 4K-resolution video, retaining crisp detail even when zoomed or cropped. The premium Lito X1 uplevels the camera with a 1/1.3-inch CMOS sensor and an f/1.7 aperture, supporting HDR video recordings with up to 14 stops of dynamic range and 10-Bit D-Log M. 

Get High-Quality Shots with ActiveTrack and Smart Modes

The Lito Series delivers stable subject tracking via ActiveTrack, even at speeds up to 12 m/s. Combined with QuickShots, MasterShots, Hyperlapse, and Panorama modes, beginners can automatically execute complex camera moves and capture high-quality footage with ease.

Fly Farther with a Stable View

The Lito Series offers up to 36 minutes of flight time with the standard Intelligent Flight Battery. It also features wind resistance up to 10.7 m/s, allowing the camera drone to hover and fly stably in windy conditions.

Create with Ease and Efficiency

With QuickTransfer, files can be transferred up to 50 MB/s via Wi-Fi 6. Additionally, the premium Lito X1 includes 42GB of internal storage.

Price and Availability

DJI Lito 1 and DJI Lito X1 are available for order starting today through store.dji.com and authorized retailers. Pricing and configurations are as follows: 

DJI Lito 1

DJI Lito 1 retails for 339 EURDJI Lito 1 Fly More Combo (DJI RC-N3) retails for 479 EUR

DJI Lito X1

DJI Lito X1 retails for 419 EURDJI Lito X1 Fly More Combo (DJI RC 2) retails for 579 EUR

DJI Care Refresh

DJI Care Refresh, the comprehensive protection plan for DJI products, is now available for DJI Lito 1. The replacement service covers accidental damage, including flyaway, collisions and water damage. For a small additional charge, you can have your damaged product replaced if an accident occurs.

DJI Care Refresh (1-Year Plan) includes up to two replacements in one year. DJI Care Refresh (2-Year Plan) includes up to four replacements in two years. Other services of DJI Care Refresh include official Warranty and free shipping. For a full list of details, please visit: https://www.dji.com/support/service/djicare-refresh

For more information, please refer to:
https://www.dji.com/lito-x1
https://www.dji.com/lito-1

1 All data was measured using a production model of the DJI Lito 1 and DJI Lito X1 in a controlled environment; actual experience may vary. For more information, please refer to https://www.dji.com/lito-x1 and https://www.dji.com/lito-1

.

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SOURCE DJI

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Silicon Valley Stars Gather for Dreame’s San Francisco Debut

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SAN FRANCISCO, April 25, 2026 /PRNewswire/ — Dreame Technology, a global high-end technology company, confirmed the guest lineup for DREAME NEXT, the company’s largest-ever international launch event, running April 27 to 30, 2026, in San Francisco. The roster brings together figures who have shaped the trajectory of autonomous driving, personal computing, and professional sports: Sebastian Thrun, Steve Wozniak, and Dwyane Wade will all attend.

The breadth of expertise on the guest list reflects the reach of DREAME NEXT itself. Over four days, Dreame will stage product launches across smart mobility, smart home appliances, personal devices, and premium personal care, the first time a single event from the company has spanned its full product ecosystem. The event is organized around five themed segments: Drive Next, Living Next, Connect Next, Self Next, and Humanity Next.

Over the course of the four-day launch event, DREAME NEXT will bring together leading voices from across technology, academia, investment, and innovation to explore the next stage of industry transformation. Discussions will center on how AI-driven applications are reshaping products from the ground up, whether the age of AI requires products to be fundamentally reimagined, how intelligent technologies will redefine the foundations of manufacturing productivity, and what the next decade of human technological evolution may look like.

Featured speakers include AI pioneer Sebastian Thrun (Google X, Udacity), tech futurist Robert Scoble (Microsoft), Meta design leader Julie Zhuo, AI strategist William Fong (Microsoft), and business veteran James W. Keyes (7-Eleven, Blockbuster). The lineup also features Turing Award winner David Patterson, NASA rocket scientist Sylvia Acevedo, Stanford GSB’s Yossi Feinberg, economist Barry Eichengreen, tech journalist Rebecca A. Fannin, engineering leader Jim Chen, and Fremont Mayor Emeritus Lily Mei, alongside former Google DeepMind AI researchers and the co-founders of Robot Launch. These global leaders will share insights on AI, technology, innovation, economics, and entrepreneurship.

Demonstrating Dreame’s growing global influence, the event will also welcome standout guests from beyond the technology sector, including Apple co-founder and personal computing pioneer Steve Wozniak; and three-time NBA champion Dwyane Wade.

The guests in attendance at DREAME NEXT reflect where the company is headed; that leaders from autonomous driving, personal computing, and professional sports are all in the same room for a single company’s launch event speaks to the scale and ambition of what Dreame is building. DREAME NEXT is not just a product launch but the opening chapter of the company’s next ten years.

Dreame’s product portfolio now spans categories that, until recently, belonged to entirely separate industries. DREAME NEXT is designed to demonstrate that these categories are connected by core technologies, including high-speed motors, intelligent algorithms, and bionic robotic arms, which are now being applied across smart mobility, personal devices, home appliances, and personal care. It represents not only the next generation of products and lifestyles, but also the beginning of Dreame’s vision for the next decade.

DREAME NEXT runs April 27 to 30, 2026, in San Francisco. Media, partners, and invited guests are welcome to attend.

Please stay tuned for the latest updates from the event through the official website or the social accounts on X: @DreameGlobal, Facebook: Dreame Tech, and Instagram: @dreame_tech.

About Dreame Technology

Founded in 2017, Dreame Technology is a global high-end technology brand built on a foundation of high-speed digital motors, intelligent algorithms, and bionic robotic arms. The company’s product portfolio spans smartphones, smart vehicles, smart home appliances, intelligent cleaning appliances, outdoor smart devices, and personal care, designed to simplify daily life and give users more time for what matters. Dreame operates in more than 120 countries and regions with over 6,500 offline stores and serves more than 42 million households globally. As of December 31, 2025, the company has filed more than 10,000 patents worldwide and holds over 3,000 granted patents.

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SOURCE Dreame Technology

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WisPaper Enables Parallel Scientific Exploration, Moving Research Beyond Sequential Workflows

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SINGAPORE, April 25, 2026 /PRNewswire/ — WisPaper, an AI-powered academic research agent, today introduced a new approach to scientific workflows that supports concurrent research execution. The development addresses a longstanding constraint in research—the reliance on sequential, step-by-step processes—by enabling multiple lines of inquiry to progress in parallel, allowing researchers to expand both the speed and scope of exploration.

Breaking the Limits of Sequential Research

Traditional research follows a linear structure, where literature review, hypothesis formation, experimentation, and validation are carried out sequentially. This model limits researchers to advancing a single direction, as each stage requires manual effort.

WisPaper shifts this structure by reducing dependencies between stages. Tasks that once required sequencing can now proceed more independently, allowing different research threads to move forward without waiting for earlier steps.

Enabling Concurrent Exploration

With this approach, WisPaper supports a more parallel mode of research. Researchers can initiate multiple hypotheses or problem statements simultaneously, while the system advances processes such as literature analysis, experimental setup, and result generation across these directions.

This enables a higher density of exploration within the same time frame. Instead of focusing on a single hypothesis over an extended period, researchers can evaluate multiple possibilities, compare outcomes, and adjust direction more efficiently.

Redefining the Researcher’s Role

As execution becomes less constrained by manual coordination, the role of the researcher shifts toward higher-level decision-making. Researchers can focus on defining questions, setting priorities, and interpreting results across multiple ongoing investigations.

This model mirrors how larger research teams operate, where parallel efforts are coordinated toward shared objectives. By enabling similar capabilities at the individual level, WisPaper expands how research can be structured and managed.

Implications for Knowledge Production

Parallel exploration introduces a different rhythm to scientific work. By allowing more research paths to be tested within a given period, it may influence how quickly new findings emerge, particularly in areas where validation is time-intensive.

As research workflows continue to evolve, approaches that balance depth with broader exploration may play an increasing role in shaping how knowledge is produced.

About WisPaper

WisPaper is an AI-powered academic research agent designed as a full-chain research accelerator. It supports literature retrieval, analysis, experiment design, execution, and paper writing within a unified workflow, helping researchers manage complex scientific tasks more efficiently across disciplines. For more information, visit http://wispaper.ai/?utm_source=news.

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